Prime Minister Narendra Modi has taken the biggest action against black money in 75 years of this country and we support him, says Ravi Agrawal. He also angered a lot of farmers by passing new agricultural laws without any consultation with other political parties or state governments. This created such an uproar amongst farmers, particularly farmers in northern stretches of India who have been beneficiaries of the existing subsidy scheme. The central government acted by saying, "This is in the national interest and actually it has interstate commerce implications," he adds.
India’s Prime Minister Narendra Modi is investing billions of dollars to boost manufacturing and attract foreign investment in his rapidly growing country. Modi’s ambitious goal: To propel India to the top ranks of global economic powers, alongside the US and China.
Bloomberg journalists Kai Schultz and Vrishti Beniwal join this episode to explain how he intends to do that–and the tall challenges he’ll face along the way. And Milan Vaishnav, director of the South Asia Program at the Carnegie Endowment for International Peace, talks about Modi’s successes, and stumbles, as he navigates India’s complex political and religious cross-currents.
Read more on this story here: https://www.bloomberg.com/news/features/2023-01-23/india-s-1-4-billion-population-could-become-world-economy-s-new-growth-engine?srnd=bigtake
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